News

Murdoch: We made big mistakes with MySpace

NewsCorp has made some “big mistakes” with MySpace, but is back on track, boss Rupert Murdoch claimed today.  

In a briefing on the company’s improving financial results, Murdoch said: “We’ve got to admit that over the last two or three years I think we’ve made some big mistakes, but we’ve got a fine new management now.”

Co-presidents Mike Jones and Jason Hirshhorn took the reins earleir this year after Owen Van Natta was ousted.

Jones was recently interviewed by Mumbrella editor Tim Burrowes. During the interview he said:

“The core value that MySpace experienced at the beginning got a little bit watered down through additional strategy that got piled on top of MySpace early on.”

He said the site’s key role now is in discovery – helping users find new things that may interest them, whether music, entertainment or friends.

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